Tariffs News Updates

The goal is to preserve preferential treatment for steel produced in the U.S., Mexico and Canada, while applying a common external barrier to China.

By pointing out that the current replacement tariff is 12.5%, Beijing appeared to signal that the U.S. has 7.5 percentage points of room for additional increases before reaching the stated ceiling.

President Donald Trump threatened new tariffs on goods from the European Union in retaliation for a $1 billion fine of Google.

Two small businesses filed a lawsuit accusing U.S. officials of unlawfully using Section 301 of the Trade Act of 1974 to replace earlier tariffs struck down by the Supreme Court.

After President Donald Trump threatened new 50% tariffs on a range of Canadian goods, officials in PM Mark Carney’s government canceled a planned joint celebration.

After shooting to $102 per barrel a day earlier, Brent crude, the international standard, was down 5.1% to $95.55.

President Trump is proceeding with new tariffs on dozens of trading partners just as the clock runs out on stopgap levies he imposed after a Supreme Court loss.

Trump declared that Canada has unfairly discriminated against American autos, alcohol and dairy products. The new tariffs were scheduled to come into effect 30 days from July 20.

In announcing the tariffs, Trump accused Canada of unfairly discriminating against U.S. automobiles, alcohol and dairy products.

President Trump is poised to impose fresh levies on products from dozens of economies by July 24, according to sources.